Mithi Software, a Pune, India-based SaaS startup, has raised $500,000 in a funding round from revenue-based financier Recur Club.
The startup will use the funds to improve its product offerings as well as to scale up cash flow marketing initiatives.
Mithi Software offers SaaS tools for the protection, visibility, and agility of critical business data. The company has operated as a bootstrapped organization and plans to raise funding from venture capital firms in the coming future.
“Financial costs of raising capital through Recur Club are offset -were set off by the savings that we made through paying our expenses upfront with Recur Club Financing,” said Tarun Malavia, co-founder and CEO of Mithi Software.
Company: Mithi Software Technologies Pvt. Ltd.
Funding Month: May 2023
Lead Investors: Recur Club
Company Website: https://www.mithi.com/
Software Category: Data Protection & Collaboration Solutions
About the Company: Mithi Software is a company that provides software that enables business collaboration with features like cloud email, calendar, video chat, and document collaboration. Mithi provides cloud SaaS solutions in three areas: email security and business continuity, business email and team collaboration, and email archival for data management. Other tools on offer include a secure enterprise chat/IM, legacyflo for automating data migration of fragmented email data into the cloud, and more. Its software has been powering organizations of all sizes and spread across many enterprise segments such as healthcare, R&D establishments, financial services, education, government, BPOs, software, manufacturing, banks, NGOs, Agro-industries, logistics, media, Internet Service Providers, infrastructure, retail, energy & power, transportation, etc.